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Oct 2, 2012
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>> i think the answer is the certainty of the election is that it will be over. which ever guy wins is going to have to do an enormous amount of stuff very immediately and very hard and based op. all of the other stuff we're looking at it's hard not to assume we're on the cusp of going back in a recession. >> that's frightening. >> well it's, the word frightening is too strong. the reality is that business is all about cycles. we did through positive and negative cycles and the opportunity for us is to take advantage of a positive cycles, so mitigate the negative cycles. what we've just come through is four years of a positive cycle that has been limited dramatically by political action. that's scary and that's not what's supposed to happen. >> we didn't get the bounce back that we were -- >> well, we created so many headwinds. we created so many issues and the environmental protection agency and you'd think on what it does t isn't part of america's education. >> nobody, no president, not me, not any other president could have done any better over the last four y
>> i think the answer is the certainty of the election is that it will be over. which ever guy wins is going to have to do an enormous amount of stuff very immediately and very hard and based op. all of the other stuff we're looking at it's hard not to assume we're on the cusp of going back in a recession. >> that's frightening. >> well it's, the word frightening is too strong. the reality is that business is all about cycles. we did through positive and negative cycles and...
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Oct 4, 2012
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if you're elected we'll get to a trillion-dollar debt. you said before you'd cut the deficit in half and i love this idea of $4 trillion in cuts. you found $4 trillion of ways to reduce or get closer to a balanced budget except we show trillion-dollar deficits every year. that doesn't get the job done. >> what you heard from president obama in coming back was saying that mitt romney had abandoned his tax cut plan, that is not true because what mitt romney said was it was going to be paid for but he also said that the challenge of achieving all the things romney wants to do at the same time, cut tax rates, not increase the deficit or burden the middle class is impossible to do. >> the only way to meet governor romney's pledge of not reducing the deficit or not adding to the deficit is by burdening middle class families, the average middle class family with children would pay about $2,000 more. >> now bottom line, guys, i said that i wasn't persuaded that arianna was right this was a game changer. one thing i know is not correct, joe, is yo
if you're elected we'll get to a trillion-dollar debt. you said before you'd cut the deficit in half and i love this idea of $4 trillion in cuts. you found $4 trillion of ways to reduce or get closer to a balanced budget except we show trillion-dollar deficits every year. that doesn't get the job done. >> what you heard from president obama in coming back was saying that mitt romney had abandoned his tax cut plan, that is not true because what mitt romney said was it was going to be paid...
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Oct 1, 2012
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and then after the election higher into the year. i think that's the way it will play, that's the way it played the past couple years. i think it playses that way here. >> is it dependent on what solution they have for the fiscal cliff, if any? >> the body language i get is that it sounds oxymoronic, but they'll get hc-- postpone the mandated spending cuts and spend the bush tax cuts. so i think that's off the table here at last in the short run. >> if we kick the can down the road another six months or so, what will that mean the difference of the bush tax cuts extending for six months or not? >> well, it's good news and bad news. the good news is that all the talk about 4%, 5% of gdp hitting in the first quarter that won't happen. the politicians may be ineffective in many ways, but they won't allow that. at the same time, if we just keep kicking the can down the road, well be addressing this uncertainty every since months. we saw it at the end of 2010, we saw it again at the end of 2011. if we just keep doing this every six months
and then after the election higher into the year. i think that's the way it will play, that's the way it played the past couple years. i think it playses that way here. >> is it dependent on what solution they have for the fiscal cliff, if any? >> the body language i get is that it sounds oxymoronic, but they'll get hc-- postpone the mandated spending cuts and spend the bush tax cuts. so i think that's off the table here at last in the short run. >> if we kick the can down the...
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Oct 5, 2012
10/12
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we have the same election here. is he a candidate saying you're not going to get as much as you were getting? >> except if you've lived under a guy for 14 years and didn't get what you promised you'd get, a brand new house, water running to your brand new house, paved roads, et cetera, et cetera. so you're going to vote for the guy who said he's going to give you all the stuff but hasn't? >> paved roads are good. >> especially if you've been pumping oil for decades and kads. >> people in cambridge, massachusetts w robert f. kennedy. >> it's unbelievable, he's not joking, hugo chavez gives one of the counties. so there is a high beta trade but a lot of people own the bonds because they've got high yield. >> thanks, michelle. >> see you later. >>> coming up, september jobs reports is 0 minutes away. we have john taylor to join the conversation next. so can we get back to work, please? >>> we're counting down to a critical employment report. >>> fx concepts and john taylor on where he thinks the numbers will come in an
we have the same election here. is he a candidate saying you're not going to get as much as you were getting? >> except if you've lived under a guy for 14 years and didn't get what you promised you'd get, a brand new house, water running to your brand new house, paved roads, et cetera, et cetera. so you're going to vote for the guy who said he's going to give you all the stuff but hasn't? >> paved roads are good. >> especially if you've been pumping oil for decades and kads....
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Oct 3, 2012
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that's just because of the election. they're just taking on added importance, although the fed has promised us that they're going to be in this ultra ease mode, and that unemployment is just part of the measure. unless you listen to that charles evans, who would like to have a 7% unemployment target and/or 3% inflation, and then we've heard it ratcheted down to 5%. this will give us a good look at whether or not we're getting any type of traction, even though the headwinds from the west of the world are pretty strong. >> today we get adp and granted, adp has not always been the best indicator of what we'll get out of jobs, but we're looking for 155,000 private sector jobs that are created. how tight is the spread, if it's anywhere from 100 to 200, is it kind of a wash? >> yeah, becky. what the adp numbers turned into is the greatest volume machine ever that we could imagine. it's like last time. they had a number -- you get the market moving one way, it's a terrible miss, and the market moves back the other way. yes, i k
that's just because of the election. they're just taking on added importance, although the fed has promised us that they're going to be in this ultra ease mode, and that unemployment is just part of the measure. unless you listen to that charles evans, who would like to have a 7% unemployment target and/or 3% inflation, and then we've heard it ratcheted down to 5%. this will give us a good look at whether or not we're getting any type of traction, even though the headwinds from the west of the...